The Indian rupee closed at 90.1650 per US dollar, appreciating 0.1% from the previous close, while the Nifty 50 index provisionally ended 0.27% lower at 26,178.70. Currency strength contrasted with equity weakness, as investors balanced global uncertainties with domestic macroeconomic signals.
India’s financial markets presented a mixed picture at the close of trade today. The rupee strengthened slightly against the US dollar, reflecting improved foreign inflows and steady demand for the currency. However, equities ended in the red, with the Nifty 50 slipping 0.27% after hitting an intraday high earlier in the session.
Key highlights from the announcement include
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The Indian rupee closed at 90.1650 per US dollar, up 0.1% from the previous close.
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Currency gains were supported by stable crude oil prices and positive foreign investor sentiment.
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The Nifty 50 index provisionally ended 0.27% lower at 26,178.70.
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Equities witnessed profit-booking after recent highs, with IT and metal stocks under pressure.
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Banking and FMCG counters showed resilience, limiting broader market losses.
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Global cues, including US market volatility and geopolitical tensions, weighed on investor sentiment.
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Analysts suggest the rupee’s stability reflects strong fundamentals, while equities may remain volatile ahead of corporate earnings.
The day’s close highlights the divergence between currency and equity markets. While the rupee gained modestly, equities cooled off from recent peaks, underscoring investor caution amid global uncertainties and domestic earnings expectations.
Sources: Reuters, Reserve Bank of India, NSE India, Economic Times